RE: VOD beats Covid22 Nov 2021 03:22
Hi Dan. I am no expert on TA but someone I know with a Phd in maths told me his algo models run over days, encourage certain pricing behaviours as he is moving £ms, then closes against the trend established. He doesnt look at the screen during the process to avoid the fear of loss. I suppose if he is winning, another bank/ fund is losing and PIs are collateral damage if they try to trade the TA. If a big hedge fund did the same over 6 or 12 months, the daily price activity would not make much sense. Just streams of algos. But big money must trend toward an objective and cant crystallize profit in a day. So a chart might identify that trend. Lots of different things signal price changes. Covid, inflation, US China, Brexit, Interest Rates, Evergrande, energy prices etc